Tuesday, April 23, 2013

Market Audit of Country



Doing Business in Lebanon





The Market

Consumer buying habits

For thousands of years Lebanon has been a center of trade, which has given it an appreciation of foreign goods.  Lebanese people like to be very elegant.  It is very important to have the nicest handbag, Chloe' or Dolce & Gabbana, even if they can't afford more.  They might buy one of two good pieces a year.  Beirut dwellers tend to spend an extraordinary percentage of their incomes on luxury products, and they derive a great deal of prestige from choosing international brands and paying full price for them.  Lebanese people like to be seen doing the right things, wearing the right things, and driving the right things and go in debt doing it.  They have a sake of living lifestyle--living beyond their means--even if the country is falling apart around them.  

Common types of retail outlets:  H&M, Aishti, Dolce&Gabanna, Gucci, and Guess


Advertising and Promotion in Lebanon


Business Etiquette

Dress
  • For Men--Stylish suits and ties are common for initial meetings.  Darker colors are the way to go.  Business casual attire is becoming more and more acceptable in many industries.
  • For Women--Conservative, yet stylish.  Pants are acceptable.  Women are usually fully made--up and wear accessories.  Dress is more open in urban environments vs. rural.  Best to dress conservatively (dresses/skirts cut above the knee, no low necklines or sleeveless attire when in religiously conservative areas
  • Jeans and shorts are not acceptable in business situations.
  • Being well-groomed is appreciated.
Business Cards
Expect to exchange business cards with everyone.  In Arab countries, it's polite and expected that your business card will be in English in one side and Arabic on the other.  Present your card Arabic side up.

Meetings
  • Schedule meetings well in advance
  • Accept all offers of food and drink
  • Avoid sensitive subjects on business and politics
  • Give host a gift
  • Don't use your left hand
  • Don't show the bottom of your foot
  • Don't point with index finger
  • Showing affection or touching others unacceptable
  • Arab people are laid back, so relax and take it slow






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